La Grange Multifamily Property Sold For $4.8M With Buyer's Rep Anish Sheth & Seller's Rep Adam Butusov & William Butusov
27 North Brainard Avenue & 31 North Brainard Avenue
$4,800,000
$80/SF
Building Size
60,000 SF
Asset Type
MultiFamily
Closing
Dec 11, 2023
AI
La Grange's 27-31 North Brainard Avenue, a multifamily property, was sold for $4.8 million at $160 per square foot. The property spans 30,000 square feet and is located in the La Grange market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 27-31 North Brainard Avenue
- Market: La Grange
Anish Sheth from Third Coast Realty represented the buyer in this transaction, while Adam Butusov and William Butusov from Charles Rutenberg Realty represented the seller.
NOTE: Anish Sheth and Third Coast Realty served as the buyer's representative, while Adam Butusov and William Butusov from Charles Rutenberg Realty represented the seller in the sale of La Grange's 27-31 North Brainard Avenue multifamily property.
Players
La Grange MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93